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hands. who is planning on buying the new york stock exchange and why. >>> the fiscal cliff clock ticking down. real estate roars back. what it all means for your mo y money. the hottest holiday toys. the kids at heart and why everything old is new again. the "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. big changes for american icon. a symbol of capitalism and wall street. the new york stock exchange is being sold to i.c.e., atlanta-based derivatives trading exchange. the deal valued at $8.25 billion. profits at the nyc has shunk, lower trading volumes. i.c.e. is interested in the nyc because of the lower-based derivative exchange. the market could not make its mind up this week. the dow posting the first back-to-back triple digit gains since july. followed up with the worst day in a month. all the moves based on, well, what else, sentiment around the fiscal cliff deal. the economy though is
. >> the clock is ticking down when it comes to working on a deal on the fiscal cliff. what joseph lieberman had to say about if he thinks a deal can be done. >> the bizarre story as two people in california who faked a ♪ >> a memorial service was held in hawaii today for the late senator daniel inouye. president obama and the first lady who were spending the holidays in hawaii attended the service. he died monday. >> there is just nine days until the country reaches that so-called fiscal cliff. tonight, at least one senator says after this week he's not feeling to optimistic. appearing on "the state of the union" joseph lieberman says it will be irresponsible if lawmakers are not able to get a deal done. >> i feel it is more likely that we will go over the cliff than not. if we allow that to happen it will be the most consequential act of congressional irrespent in a long time. >> he also said that he believes lawmakers will be trying to work out deals until the last second. >> two people are in custody after they faked a hostage situation and got into
day for the 49ers. >> plus, breaking down the fiscal cliff talk with our political insiders. how much of it is real and huge of it is for show and how much of it is really deal cut something. >> for the children of sandy hook elementary school, demand a plan. >> a group in oakland working on getting guns off the streets. >> if you haven't noticed yet, it is wet outside and a little chilly. temperatures in the 50s. we have a wind advisory in affect and a chance of thunderstorms later on this afternoon. when will the storm end and what will conditions be like for christmas? we will let you know, coming up. ,,,, ,,,,,,,, is in effect for the bay ar until 1 p-m today. we may see some isolated thunderst to . >>> a live look at if golden gate bridge. a lot of people traveling this weekend for the holiday. a wind advisory in affect for the bay area. more detail in a few minutes. >>> this morning d.c. makers are home for the holidays without striking a deal on the fiscal cliff. a lot of criticism for that. the deal mean there is will be massive spending cuts and massive tax hikes after janu
americans would pay for. you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate with. republicans are facing a reality that the public is supportive of raising taxes on wealthier americans. they are likely to have to support that. the question is always whether boehner is going to move forward without a majority support from his own party on a particular bill that may start from coming from the senate. these are debates that have to still be resolved. even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him. >> for folks who maybe may not have focused, if no deal is done, virtually, everybody's taxes would go up, correct? >> correct. automatic spen
to solve the fiscal cliff after the holiday break. president obama said if a deal hasn't been reached he would be returning to washington after christmas. >>> a big political shakeup in egypt as eship sans -- egyptians went to the polls. two top government officials resigned. and the vice-president's departure was expected. he says with his background as a judge, politics doesn't suit him. and state television says egypt's val bank governor has resigned but did not say i would. >> for the first time in 15 years you can get a whopper in france. burger king opened a restaurant at marseille airport. the burger king closed its 39 french restaurants in 1997 because they weren't profitable. burger king plans to open another restaurant in france next year. >>> ahead, what was different this year at san francisco glide's holiday toy giveaway. >> merry christmas. >> and santa teams up with a new sidekick to help keep the season merry for local children in need. >>> let's look outside out our weather. a little break in the rain right now. leigh glaser has the forecast after you know how much grand
of us? the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the president's point of view first that he made a campaign promise about what he would and wouldn't do regarding cuts and taxes and he's dug his heels in, standing firm? >> i think absolutely. he feels like he won a mandate and let's be clear, he won handily. he beat mitt romney handily in the election so he's walking away thinking he's got a mandate and that's why he's deeply dug in. the problem with that mandate is of course to say we want to -- he calls it a balanced approach. that is sort of a vague kind of campaign promise nobody really knows -- it's always sounding good but i don't think people are sure what it means. the problem is on the other side, with the republicans in the house, they have a mandate too. they won too. some of them won by larger margi
to do about the fiscal cliff. earlier we had the opportunity to sit down with chris wallace to get an exclusive look at the interview with the senators. >> so chris, we are nine days away from falling over the fiscal cliff. what is your sense of whether or not it will happen? >> well, in talking to two senators on fox news sunday he is -- he said, one, he believes we are going to go over the cliff. and he thinks that president obama wants us to go over the cliff. i have to say up until last thursday when the senate -- the house voted on plan b, the boehner plan, i thought this was all jockeying and maneuvering for position. but when they defeated the plan, house republicans did, to increase on taxes only on people making $1 million a year i suddenly thought we may go over the cliff. one of the interesting things to see is the markets. this could be a situation where the markets basically force washington to do something by taking a real hit this week. we will see. >> and senator kent conrad of a different opinion? >> his feeling the obama plan, the president on friday before going
before we go over the fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people but even that will be difficult. you get it only if there's a promise not to filibuster that in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high establishes for a lot of people. let me ask you about another big issue in washington right now. in this toxic environment any chance that the president can make any headway on his desire to change th
, with worries about the fiscal cliff. and on saturday, a big day in maine. same-sex couples will be able to start tying the knot in maine. voters approve the new law in a november ballot measure along with voters in washington and maryland. so, a whole lot going on next week, even though it's a holiday week. >>> well, many americans from the president on down are sick about what happened in newtown, connecticut. they want tougher gun laws, but the second amendment makes that a tricky proposition. i spoke with cnn legal contributor paul cowan for his take on how the supreme court interprets the right to bear arms. >> the supreme court has held that the second amendment permits people to keep weapons in their house for self-protection, but it doesn't say anything about high-capacity magazines and it doesn't say anything about what kind of guns we're allowed to keep. certainly well reasoned reinstructions are okay under the second amendment. >> outlaw the assault rifles and the large ammunition clips that we had to talk so much about. what will that mean for the gun owners that currently ha
down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back plan for a tax on the middle class. >> even though democrats and republicans are arguing about whether those rates should go up for thewealthiest individuals, all of yours, every single one of us, agrees that tax rates should not go up for the other 98% of americans, which includes 92% of small
tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about gettin
in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a r r r r r r r >> a scathing report this week blames systemic failures in leadership and management deficiencies at the state department for inadequate security at the u.s. consulate in benghazi before the september 11th attack that killed ambassador chris stevens and three other americans. in testimony before congress this week, two top advisors to secretary of state hillary clinton vowed to do better and to improve security at u.s. diplomatic posts around the world. clinton herself was s
the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. i mean my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done and that would be close to the $4 trillion we are needed to stablize the debt and to begin to bring it down and then if you wanted to add on the alternative minimum tax wh
they will kick the can down the road. then we will have another fiscal cliff in your view, that federal economic policies that? >> in front of the regulation. we had a banking system that existed from, you know, the ashes of the great depression. regulatory reforms that we had under fdr, they protected our financial system for decades upon decades. when he saw through the end of the clinton administration is sort of dismantling a lot of those protections. and as a result, you saw an increase of risk in the financial sector, and these explosions, these monstrous frankenstein banks. those that are so big that the failure of anyone which has been deemed to bring down the entire financial system. we saw this enormous crisis. so i do think that washington has played a role with deregulation. also just bad regulation. by being too overly deferential with financial institutions, looking the other way, really egregious misconduct that led to the crisis that had created this giant housing bubble of the exploded so painfully. i think the regulators do certainly share the burden of blame along with the fin
was 88. inouye's death leaves democrats one seat down as the senate prepares for a possible fiscal cliff vote. >>> a holiday gift from pope benedict xvi to his former butler. he was handed an 18 month prison sentence for stealing and leaking vatican documents but is back home with his wife and children after a 15 minute jailhouse visit the pontiff granted a pardon. he will no longer be allowed to work for the church but the vatican will help him find a new job. i'm marianne rafferty. now, back to fox files. for the latest headlines log on to it fox news .com. >>> we are here in grand central terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san a
. itt been a yyar of political differences.....ann fiscal cliff-erenccs..... and tonight, we take a look back at he years biggest headlines &pttat captured ouu interest and shaped our path. path. 3 [ cheers ]]>> thank you ery much. [ applause ] >> a &pmassive crowd has gatherrd here. >> we want our freedom. &pwe want to be free people. >> the italian 3 cruise ship apsized. >> 3 joseph kony -- viral on media &psites. outrage stirred ssccal media. >> my name is sandra -- >> legitimate rate. ttis -3 is a massive plaa by faceboook pt largest ipo in tech history. >> this is breast- feeding in the picturee one - article has the entire country talking. >> the pressdent pex marrrage should be egal. >> we now know he name of the suspect blamed for the movve theater shootiig spree. >> &shooting at the sikh templeein wiscoosin. >> police now tell cnn people have been shot in front of the empire sttte building. >> bath salts. bath salts? bath salts. >> jerry - pandussy sentenced to a minimum of 30 yeers in prison. > n iconic ssatue honoring -
. how do you know it unless you sit down -- >> we tried it in 1994. >> sounds like the fiscal cliff to me. that's what it sounds like. we can't do this and can't do that. you have to negotiate. no one's going to get everything they want. >> precisely. you have to be -- >> you have to be open to the possibility there may be something you need to change with these weapons and the law. that's only fair. you cannot just say, this is off the limit. we need to look at that but you can't touch what we have over here. that's ridiculous. >> we have tried it with the assault weapons ban's in 1994. >> okay. >> it didn't change anything. >> okay. i think -- i don't mean to cut you -- this is something i'm very passionate about. after a week of covering the story in connecticut it's something i'm very passionate about, and -- >> can i say one more thing? >> yes, before i bring in -- >> quick. one thing i'd like educators across this country to consider is, you know, educators want to expose children to the dangers they face in the world. we have sex education in the school. we talk about sexuall
, lawmakers are down to the wire on avoiding the fiscal cliff. will they get a deal done before the end of the year, president obama is on vacation and so is house speaker john boehner, but here's what they said before they left. >> call me a hopeless optimist, but i actually still think we can get it done. >> of course, hope springs eternal, and i know we have it in us to come together and to do the right thing. >> for more on all this i want to bring in nbc's white house correspondent kristen welker who is traveling with the president in hawaii. she joins us now from honolulu. hey, kristen. the president and the speaker are still sounding optimistic. is this wishful thinking? what exactly are you hearing in honolulu? >> well, i think that hopes for getting some type of grand bargain have all been but dashed. the most realistic thing right now is they can work out some sort of stop gap measure, a smaller deal. you heard president obama signal that on friday when he addressed the nation. he talked about the fact that members of congress right now should just focus on making sure that ta
be shutting down for christmas, but the clock hasn't stopped running and the fiscal cliff is closer than ever. no deal was reached this week to keep taxes from going up for everyone at the end of the year. house speaker john boehner says he's hopeful a deal can be reached, but in his weekly address, he continued hammering away at president obama. >> this was the year the size of our debt, all $16 trillion of it, surpassed the size of our entire economy. it's a grim milestone, one of many we'll have to bear if we don't come to grips with it. the president's solution of raising tax rates would still leave red ink for as far as the i can see. >> reporter: president obama landed in ha for the christmas break. on friday, the president said he believes it's still possible to avoid the fiscal cliff, but also acknowledging the political reality by pushing a scaled-back plan for cutting taxes on the middle class. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us, agrees that tax rates shouldn't
to washington next week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at times the interstate looked more like a parking lot. >> try to get to tahoe for christmas and we saw a small sign that says road closed and thought day were kidding. but they weren't. >> the interstate eventually reopened this afternoon, the most powerful winter storm of the season is on track to drop as much as 5 feet of snow on top of the sierra. here's what it looked like earlier at squaw valley. as much as 12 inches of snow is forecast for the foot hills around reno, carson city. >> the highway patrol is looking for the driver who crashed an suv in oakland this morning. the vehicle careened off inter
plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations. everybody's-- there will be a bite taken out of every single person's paycheck because that holiday is over. >> clayton: yes, 2% we're talking here so it's going to go back to, as alisyn pointed out, that 6.2%, it's currently 4.2%. will they extend this thing? is this part of the negotiations? we don't know, so far it hasn't been, is it going to be put on the table at any point. >> kelly: unlike you, people on capitol hill scratching their heads and saying, what is going on, why haven't we had a common sense agreement bipartisan to get something done and everyone is scratching their heads and wall street is saying we're very uncerta
? >> as with the fiscal cliff it doesn't appear readily discernable, lou. president obama released a video message vowing to fight for new gun control laws early next year. the down tours of this debate are already taking shape as leading democrats are pressing for renewed assault weapons ban and for new limit on semitick ammunition magazines. a leading senate democrat says she favored schools being allowed to have armed guards if they so choose but she then cited the columbine massacre. >> in fact there were two armed law enforcement officers who twice engaged the shooters at column bind. that didn't prevent 15 from being killed and 23 wounded. >> however opponents of the assault weapons ban say that law was also in effect when columbine occurred and failed to prevent it. lou? lou: james, thank you. it is ex-orlando nary proposal comes from the national rifle association, a straightforward, simple and likely highly effective proposal. certainly to, going to be part of that debate. james rosen, as always, thank you very much. >> thank you, lou. lou: president obama, the first family, are now, as you see
the stress of fiscal cliff negotiations spending the holiday in hawaii. there is also a somber moment on his schedule. president and first lady attending a memorial service for daniel i inouye. >> he is leaving the fiscal cliff worries back home. we are told between christmas and new year's he'll be heading back to congressional leaders. you noted the somber moment today that the president and first lady right now as we speak are at punch bowl, national military cemetery on the island where the senator will be buried. harry reid has been making a speech moments ago and telling a where senator bob dole like senator inouye, they recuperated in michigan and later served in the senate together, bob dole walked up to the casket and lifted his left hand, his right hand was badly damage and saluted. a poignant moment. president obama at the washington cathedral, it was his really earliest political inspiration. both the president and senate majority leader reflecting on daniel inouye both a long time legislator but two days they will be getting back to work on the fiscal cliff. >> heather: the diff
.m. eastern in light of congress discussing the so-called fiscal cliff, booktv highlights a few programs about economics. michael j. sandell, george w. bush, steve forbes all weigh in. and then at 9 p.m. craig whitney sits down with the former president of the brady campaign to prevent gun violence to discuss his book "living with guns: a liberal's case for the second amendment." watch these programs and more all weekend long on booktv. for a complete schedule, visit booktv.org. >>
the -- it was actually stripping the conservatives down from their assignment. that was the signal that he was signaling with the establishment crowd in washington. a lot of people can forgive john boehner for playing the cards on the fiscal cliff. he really doesn't have a winning strategy. because one doesn't exist. but i think the conservatives trying to buy a little upset. right now, there is no big name out there willing to challenge it. gerri: it is an interesting question. it seems like yone who has that job is really hurting because everyone is all over the place. it is so hard to get them together. thank you both for coming on tonight, we really appreciate it. happy holidays and merry christmas, thank you so much reed thank you, gerri. gerri: next, many homeowners rushing to rush and to dump their property ahead of the fiscal cliff. dolly will join us after the break and dreaming of a white christmas and then there is this. coming up, how mother nature is putting a damper on things i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where'
money" starts right now. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can'
the fiscal cliff. caller: host: current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? i think with thethatget rid of d put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to corporate. that is not their goal. their goal is to make president obama a failure, the matter what it does to this country, thank you. host: would wrestle them up. lots of different points of view. joshua gordon. caller:guest: the main issue isn you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. if we are not going to pay for it, with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we want a fiscal policy that can do two things? repel the recovery forward and deal with the
right now. this fiscal cliff, this is a serious issue for our economy, working families, and for small businesses we are counting on bringing us out of recession. everyone believes that. as we are down here trying to have that discussion, in the short, 11 days we have left, i hear that our tax package, which does exactly what the president asks, i think it is wrong, i think we ought to keep tax rates low for everyone, but the president says no. this bill does that. as my friend reminded me, when i ran as part of this freshman class, i said, let's try to make things more simple. we know what happens at the end of this year. we know the christmas tree bills that come rolling to the floor, where you handle 100 different unrelated things at a time. i would be interested in pulling folks without a voting card. i would be interested in knowing what folks listening to this debate believe is happening. i have been told that this tax bill throws americans off unemployment. it does no such thing. no such thing. do we need to deal with unemployment? yes we do. in an unemployment bill. i have been
Search Results 0 to 40 of about 41 (some duplicates have been removed)

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